Meta Platforms (META) Gains Confidence from Citizens as AI Advertising Tools Scale

Meta Platforms, Inc. (NASDAQ:META) is one of the AI Stocks Shaping Wall Street’s Next Big RallyOn October 6, Citizens analyst Andrew Boone reiterated a Market Outperform rating and $900.00 price target on the stock. Meta’s progress with AI-generated advertising tools has reinforced the firm’s bullish view.

As per the firm, an estimated 2 million advertisers are already using the company’s video generation tools. These tools aren’t just helping to lower creative costs but also paving way for greater personalization that should improve advertising performance.

The firm highlighted how creative elements account for roughly half of overall campaign performance, as previously mentioned by both Meta and Google. This underscores the potential impact of AI-driven tools for them.

Citizens particularly highlighted Meta’s AI business assistant, noting how AI agents can enhance interactive experiences across the platform’s messaging services.

They added how Meta’s Messaging Ads, representing a $10 billion business segment, is likely to continue growing as these AI capabilities expand.

While we acknowledge the risk and potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META  and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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